Trading Strategy

On Monday, the EUR/USD pair slightly recovered from the 11-years low and on the thin trading day increased towards the 1.1640. However, during the Asian session the pair started to decrease and currently is moving around 1.1570.

The price did not react much on the news from International Monetary Fund downgraded the global growth outlook. The market seems to wait for more relevant data which is coming today. At 10:00am GMT the EU ZEW Economic Sentiment will be released. We should not forget, that the market will be more sensitive on negative data which would increase the probability of further QE.

Today the EUR/USD dropped but it may yet change.

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Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1) China Slowdown

The world's second largest economy is losing steam but not as sharply as feared. Official figures show China's GDP hit 7.4% in 2014 -- its slowest pace in more than two decades -- though the number wasn't as weak as analysts had expected.

2) Growth Jitters

Still, there was plenty of gloom shrouding the world economy as the International Monetary Fund cut its forecasts for global growth for this year and next. The IMF said even drastically lower oil prices will have limited impact on stimulating the economy. Oil prices continued to slide Tuesday, dropping below $48 a barrel.

3) International Markets

European markets were moving higher in early trading on growing hopes that the European Central Bank will unveil a market-boosting stimulus program later this week. Asian markets ended the session with solid gains including a 2% rise for Japan's Nikkei index. China's Shanghai Composite regained some ground after savage losses on Monday.

4) US Markets Recap

The Dow Jones industrial average snapped a five-day losing streak to gain 1.1% on Friday. The S&P 500 rose 1.3% and the Nasdaq closed 1.4% higher. Markets were closed Monday for the Martin Luther King holiday.

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What is it? It's among the primary tools the BOJ uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it projects the economic outlook and offers clues on the outcome of future rate decisions.

When? January 20^th - Tentative.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the JPY to rise.

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What is it? It checks the change in the price of goods and services purchased by consumers.

Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate.

When? January 20^th at 4:45pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

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What is it? It checks the change in the average price of dairy products sold at auction.

It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income;.

When? January 20^th - Tentative.

Trading Tip: If the actual number is higher than the forecast, you can expect the NZD to rise.

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What is it? It checks the change in the total value of sales made by manufacturers.

It's a leading indicator of economic health - manufacturers are quickly affected by market conditions, and changes in their sales can be an early signal of future activity such as spending, hiring, and investment.

When? January 20^th at 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

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